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tv   [untitled]    November 22, 2012 1:30pm-2:00pm EST

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west and russia sure after a propane delivery truck exploded at a petrol station thankfully believe it or not no one hurt in that incident. coming up a dry spell for go we take a look at the india's tourist hot spots well they may can get the best conditions the locals have to pay for the most basic conditions that's coming up as they offer the business we have some spectacular pictures to show before week a hate filled baby david cameron trying to convince us that tightening our belts saving is the way forward you know piers and not just the rest of us he say cuts the white full legal status say this is the only way to fix the problem plaguing historically black in britain right now that you know that as well as may also going to be talking about you got some root ball on the fact that it's incredibly out there like that so all of that i'm hoping that you know all revealed soon the never over build up to the break in business but it's all right because.
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the sun rises over what seems like and list forest here in the new directions quite hundred kilometers north of live all stop as in much of the world it's disappearing at a catastrophic rate. mortgages both illegal and those finding ways to outsmart the system filing down the forests of the more skilled region for them profit goes well beyond the future of our planet and the result could be an ecological crisis the world wildlife fund for nature makes regular trips to help local rangers do what little they can to stop the logging but it's not easy logger set up traps making them hard to reach in an already rough terrain and have mastered ways to jump through legal loopholes this is a nature reserve were only sanitary logging of disease trees is allowed according to law and not a single berry can be picked. but loggers like this used their sanitary long permit
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to cut down absolutely healthy trees and sell the profitable timber over the border in china we are on the hunt for illegal loggers and it's not going to be easy to forests. and our chances are slim now for now we can stay in our jeep but as soon as we find tracks we'll have to drop our wheels and get out silently in order not to scare them off alexander someone has been a ranger for over twenty five years he can spend weeks at a time tracking a single group of loggers easier to work when snow falls. it's impossible to find human tracks and even transport tracks are hard to see after hours of driving we get sent in the right direction by word of mouth you can see that the ground is soft here which means that twelve tractor trails are very fresh which means that we need to be quiet in order to not scare them off as we get closer.
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this team says they're illegal but have no documents now xander can now call the police to take over his work here is done overwhelmingly outnumbered there are too few rangers working in the region and the w w says the government isn't doing enough to stop it. and according to. the guys in the forest through this still. no one tries to stop them in just five years the force will be gone. what will the people who live afterwards do. it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a star. to people living in harmony with nature. are
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laid out welcome to business this hour now during the last two days a russian ruble has shown the biggest quota the car is the boss gets into mums to find out what's behind this is lucy as i'm joined by all correspondent marina about l.a. that marina so can you somehow explain the variables of recent behavior. hi carol i can definitely troy there are a number of reasons for that personal for beginners i go look at the stock market recently the russian bourses have been doing particularly well even the better than international ones that's in the past couple of days there was a general optimism across the board the russian buses really soaked up the positivity there but also we saw a little bit of
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a hick up in the middle of the week and that's of course after the e.u. refused to give more cash to greece but then that was overcome quite fast and that's because we're seeing an interest in motion from foreign investors and that's because we're expecting to see the liberalization of the dead market on the local markets here in russia and basically so far only russian banks were working on the federal loans a ball in the markets but that's about to change very soon in the form depositories will get direct access to the russian market so basically what has happened was seen international funds and foreign investors selling their dollars in buying up rubles when this access will be granted now also if we take a look i government bond yields especially when it comes to ten year notes and compare russia to other countries like germany the u.s. and the u.k. the picture becomes clearer you see even though it's safe for if you will to invest in countries like the u.s. you'll be gettin the last spike on the floor to invest in countries like greece but
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then again greece has the risk of a default so in the way russia acts as this middle ground where right now a lot of people in a lot of investors are saying that it's a good risk to take if you will because we always know that for many investors they see russia as quite risky but definitely not as risky as greece so they could get a healthy return if they invest in russia and that's what we're seeing happen right now marina as we know the ruble is a ferry sensitive to oil prices high right so without a mind tensions in the middle east how is the ruble responding if the toll. here go the oil prices have actually helped. the russian ruble strength thing we all will know it's not a secret the russian is very energy dependent and depends for its profits especially when it comes to oil and gas now we're seeing high oil prices and that's because as you mentioned from tension in the middle east because that always causes concerns over supply disruptions so because we've seen really high oil prices
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recently we saw that go into games especially when it comes to the russian currency but also we have russian x. waters over the last decade what they would do is they would convert their euros and dollars into rubles because that's what they would use to pay taxes also we had fewer imports so demand for foreign currency on the domestic market has really gone down so marina full cost time now put you on the ball what is expected of the ruble going forward now. well i won't give you my opinion because i'm not an analyst but we have spoken to many experts and basically they're divided some are saying that oil prices will fall and therefore will see the russian currency weakening and going back down others are saying that because of the liberalization of the debt market a lot of cash will be going into the government bond market and so they will see that they are saying that the russian currency will go from strength to strength katie arena thank you for that marina calls. reporting for us on with that in mind
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let's check out the russian ruble right now with its performance in the session today as you can see it finished the day nick's against the bosco conses meanwhile the euro continues to push up buses up by major rivals including the result based in trade because the u.s. thanksgiving day to day it's a day of calls european stock markets they evolved small a full day for the longest rally in five weeks as a possible to over pull signal but shalini manufacturing expanded for the first time months and it was metal starts to really good news the best that only me. all the time every balancing act is here most of the night and the day with losses thousands of oil prices drop always a big impact for the domestic markets not because they are for sanity depended so as you said the artist was playing fast and the myself stopped around a quarter of a percent. now it's been a poor year for russia that says down around ten percent and i continue to trade at
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a shop discount to their merging market pace now to us why this should be the case i'm joined by a new poll from the business desk a hello to you nic ok so tell us how cheap all russian act is right now well i think it's important to remember the outset the idea of cheapness and good value are not the same thing with equities just in the same way that when you're buying anything else whether it be clothes but whatever gives the idea of value in a moment but let's start off with cheap news the best way to discover the standard for that is to compare price earnings ratios of russian equities those of other emerging markets we look at this particular graph we can see that russia trades at five point seven compared to ten for china fourteen for zone sixteen for india that means this is about a fifty percent discount to charter a more so to brazil and india and by that standard it is cheap. and that means it's
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a good bet and that's is that nick right well this is where value comes into it there are reasons for this discount russia is still regarded as a high risk country. it does have strong economic growth at the moment about four percent compared to some of the developed nations however when you compare that to the growth that we did have in the last decade it is much slower pace of economic reforms is still quite slow and the government is likely to be reining back on public spending in the coming years the other factor is of course that the russian law is heavily weighted towards energy stocks and these tend to have a low a p. e. ratio. of tech stocks about facebook for instance has a p. ratio of about forty one. but as i understand it there's still some ball gains to be have. a pretty investment which is a big investment house here in moscow suggests that the market is somewhat oversold
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it's going to target of sixteen hundred by the year. but it is it does stress and should be looking for quality that is big blue chip companies start least paying a dividend. and they this makes me wonder what type of person what type of investor do you have to be than to get involved with russia than bray's what it is it is still a hobby to country and very risky still that if you look at the way in which the market is performed over the last decade assistant last century turned this interesting it has delivered strong strong returns but it has forty five percent since the peak of the market in may two thousand and eight missed out about ten percent in the last twelve months so clearly it hasn't been delivering in the very recent past that can turn around but it is still a risk and reward target market if you purchase take the risks then you go out here . and no as a stand i would imagine ok thank you very much indeed nicole reporting from the
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business desk for us. moving forward u.k. prime minister david cameron and other e.u. leaders are in brussels right now to try and agree a european budget from twenty fourteen to seven years now while mr cameron wants spending to be frozen he is facing resistance from france a country that we sadly been stripped of its triple a credit rating by moody's agency now earlier i spoke to our sense of work university here discussing a different approach of both economies in tackling that debt. the job of the rating agencies in this game is to say what everybody else already knows both britain and france face serious problems i think there's a couple of differences between the french and british situations one difference is that the french and the british are going about their problems in completely different ways the french are trying to solve their problems by putting up taxes the british are trying to solve their problems by cutting spending there is
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a lot of uncertainty on myself feel very uncertain as to which way the economy's going to go in the next two or three years i think it's certain that there will be a recovery the problem is that we don't know exactly when it will come what presage you think david cameron is on to now to try and prove that he is right to remain in the european union but that's not a popular membership eva i think it's very difficult at the moment there is a lot of public hostility. to britain's european union membership i think that the same time britain remains quite dependent upon the european market for its exports and continues to gain some benefits from being part of the european union if not part of the euro zone british politicians have always been reluctant to sell the advantages and so what is the situation now is there is a lot of public hostility to europe as a concept so i would say even. i'm all for maybe tackling
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a financial crisis right now it seems french workers are taking a break from it all according to a new poll the french use an average of thirty vacation days every year making them joint world leaders with brazilians that's pretty generous when compared with an average twenty six days holiday for the rest of europe and an average of just fifteen worldwide and it is no credit rating downgrade or economic gloom is going to change their ways because seventy two percent said they were planning to take the same amount of holiday next it with ten percent wanting more. and that's all of the business news for now on a few minutes we're back to kevin at the news desk. flying north with me in this old soviet work course of a helicopter is dr vladimir brodsky and his team from the region's medical aviation
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service we head across ever more barren tundra higher and higher into russia's arctic far north until eventually we see our landing spot with arrive at this tiny village after crossing hundreds of kilometers of snow a wilderness as a boy here suffering from favre and the doctors are going to see what they can do. inside a small building not one but two babies and their parents are waiting for us the doctors inspect them but can't make a diagnosis and decide to bring them to a regional hospital for better care spread lana doesn't like taking her baby away from home but she's been before and agrees to go that's the usual practice for those who live in atlanta they keep mothers with their newborns in hospital for a month. on the way back another stop to check on the health of some native minutes reindeer herders out in the tundra it can take many hours to reach the nearest village so a medical problem simply fixed here in the tent that. they used to be but now we
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can go to civilized places so we call for emergency help. back at hospital other patients helped by the air ambulance are being treated the service costs fourteen million dollars a year to run and there's been controversy with some claiming that locals exaggerate or make up health problems and use the helicopters as a free taxi service accusations vladimir firmly dismisses your brother is not true usually the calls are perfectly justified sometimes we even reproach locals for waiting too long before calling us he's been working as a doctor now for forty three years but vladimir has come. the diva after he retires his helicopter doctors will remain a lifeline to the peoples of the russian foreign north.
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wealthy british style. market why not. come to. find out what's really happening to the global economy with mike's cancer for a no holds barred look at the global financial headlines tune into kaiser report on r g. we speak your language. news programs and documentaries in spanish what matters to you breaking news a little turn it into angles kids stories. so you hear. the spanish find out more visit.
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this is our take one of world's most provocative pop stars is once again in the spotlight tonight russian activists who are trying to drag the dawn of a court for what they claim is gay propaganda and also accusing the entertainer of bridging state security. reports. not only according to these activists madonna poses great danger to the family institution in russia not only she has offended the feelings of many by openly supporting the gay community in russia during her concert concert in st petersburg this summer but also these activists believe that she in fact poses a threat to the defense capabilities of russia they say that people who believe what madonna's told them during the concert will be involving themselves in all different sorts of dust they will not be willing to serve in the army and protect their country these activists were determined to go to the end with a case they were determined to receive ten million dollars of compensation for
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moral damages but now the case has been turned down by the judge of the st petersburg court and now in fact these activists will have to pay a certain sum of money for the services of the defending lawyers of the company which was organizing the tour of the american pop star now certainly madonna has been no stranger to different sorts of controversies all throughout her career for instance she exposed nipple during her concert in is still also she supported the controversial punk band pussy riot during her concert in moscow and the biggest intrigue in the biggest question was whether she would turn up for hearings in the st petersburg court for now definitely this would not happen but definitely the story has been a very interesting one and if we have any developments on it and your reactions from the pop star we'll certainly deliver those news right away. first fighting continues in syria a rising number of foreigners being reported for taking part in a government forces damascus now provided we would security council with a list of most music players were brought in from abroad to support terrorist
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attacks you want a heads up on that story it's online from. plus a dog is certainly man's best friend they say especially if it's made of steel and it's helping clean up japan's fukushima nuclear power plant got that story too. many tourists traveling to india are drawn in by luxury and cheap price tags too but as artie's previously to reports next even the most basic services they enjoy have a hidden cost to local communities. beautiful beaches and luxurious resorts may go on the western coast of india
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a tourist hot spot for people around the world really enjoy it we just arrived here couple of days ago so we really enjoy tourism drives the economy here and go up but it comes at a price a new study found that tourists actually use eight times as much water than local coase during peak season sometimes only get access to running water for two hours every other day go ins used to depend on wells in their neighborhoods for water but the population in the small state triples during the peak tourist season and with no proper sewage systems in place many wells have become contaminated forcing locals to rely on the erratic public supply. for your margins. that plastic. and we have to keep otherwise there's no war. but while the locals access to water is draining . just down the road water flows freely in the resorts where tourists enjoy
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fountains fish ponds and splashing in the pools that's because hotel leaders can afford to dominate the limited supply even if they do so illegally most five star hotels get water from tankers and most tankers operate without a license they take water from local wells in neighborhoods where extraction is banned by law what. so. what. so that a strong no no he has to buy from the bank. but he's forced to buy the average tourist enjoying go as water feature is here for less than a week willing to pay up for short term fun but most are unaware of the frail future in this coastal community in my perspective i am going to stay here we. are. think would be most of the concern for those born and raised here disparity is
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infuriating half the population relies on tourists for their livelihood although it's one that leaves them without access to a basic human right i first. think is a no i mean you've lived you've you've grown up in this area you can assimilate is this fear i mean is this just in this instance to be assistance to misplacing to the realist and to the. business who actually benefits from dualism and that was cost but with no limit on how much water can be bought hotels will remain the highest bidder weaving the locals hanging out to dry preassure either r t go india and check out small world news in brief thousands of protesters have massed on the streets of the south korean capital seoul on the second anniversary of north korea's shelling of one of the country's islands pyongyang accused the south of breaching may have all borders then during military exercises responded with an attack which saw four people killed on thursday north korea threatened to repeat the attack. pakistan has been rocked by
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a series of terrorist attacks have left at least thirty six people dead dozens wounded the bloodiest assault took place in a city near the capital islamabad but a suicide bomber attacked a shia religious ceremony killing twenty three the violence came just hours after an explosion destroyed a security vehicle in the northwest of the country twin blasts hit a shia mosque in karate. rebels in eastern syria have seized a key military base containing large artillery stockpiles following a three week standoff some human rights organizations say the facility is the last stronghold of process forces in the oil rich region it follows the rebels capture of a military airport in the same area last week nearly forty thousand people have been killed in the civil conflict that started way of the arab spring protests last year . congolese rebels from the militant group m twenty three say they're now ready to seize the country's capital the statement was made in the city of goma which the fighters kept. don't choose day after ousting u.n. backed government forces the rebel commander called on the people of the city to
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join in the march on kinshasa to topple president joseph kabila the un security council earlier agreed sanctions on the rebel leadership introducing a travel ban and asset freeze turn fifty five pm on about moscow time thank you for being with us just five minutes away from our latest headlines here on r.t. . you know both before blogs could even open so we have a lot of groups of the callers who sued sluices also our views to the right enough to my mind it was like many of that marriage it wasn't forced marriage it's the smadi when i was fourteen years old you can liberate other women a you certainly can't do it through the barrel of a gun effective social change you can be the afghans themselves
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afghan men and women we believe are going to spawn cannot truly cross. without the fish on its chemical petition and that it comes to actually stop people in the obama administration talking about how much they care about the women of afghanistan it's not true they don't care about the women of afghanistan.
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